Trevor has an investment worth $6,774.50. He made his only deposit in it 22 years ago. Given that the investment yields 2.7% sim
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Answer:
Now we can find the p value based in the alternative hypothesis and we got:
Step-by-step explanation:
Information given
represent the sample mean
represent the population standard deviation
sample size
represent the value to verify
z would represent the statistic
represent the p value
System of hypothesis
We want to verify if the true mean for this case is 64 or no, the system of hypothesis would be:
Null hypothesis:
Alternative hypothesis:
The statistic is given by:
(1)
The statistic for this case is given by:
Now we can find the p value based in the alternative hypothesis and we got: